Accounting for Non Accountants
- 3 CPD Hours
The seminar intends to cover the basic accounting principles and concepts through illustrations and practical examples.
The understanding of the financial statements by professionals with no or limited background in accounting, is crucial, so the seminar will target on the elements that need to be interpreted and analyzed by the above-mentioned professionals.
Participants will be able to practice the basic accounting knowledge that will be gained through practical illustrations and relate it to their current job requirements.
The seminar includes a coverage of the basic accounting principles and concepts required for interpretation of financial statements. On completion of this seminar participants should be able to:
• To gain understanding of the basic accounting principles
• Be able to apply and evaluate the principles covered
• Read, comprehend and evaluate the basic components of financial statements.
Users of financial statements, bankers, analysts and professionals involved in the interpretation and review of financial statements with basic background in accounting.
Margarita Kouloumbri holds the position of the Principal in a private company. She has a BA (Hons) in Accounting and Finance from the University of Lancaster and MSc in Finance from the University of Strathclyde. She is a member of the Institute of Chartered Accountants in England & Wales (ICAEW). Margarita specializes in International Financial Reporting Standards and International Standards on Auditing. Margarita has gained extensive experience in the audit and Taxation of local and international groups of companies operating in various types of industries. She has many years of experience in a Big Four Firm. She is also a senior tutor for the ICAEW and ACCA examinations specializing in Financial Reporting, Accounting, Audit and Financial Management.
Section 1: Accounting concepts and principles, the double entry system, the Income statement, and Statement of Financial position
- The accounting concepts and the accounting equation
- Preparation of the Income statement and Statement of Financial Position
Section 2: Practical Illustrations of the Concepts of Depreciation, Accruals and Prepayments and the Cash flow statement
- Depreciation for Non-Current Assets
- Accruals and Prepayments
- Preparation and interpretation of the Cash flow
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Certificate of Completion